635 S Lincoln Ave - Storefront Retail/Office FOR SALE


O'Fallon, IL 62269
$275,000 USD
618-977-1846
635 S Lincoln Ave, O'Fallon, IL for Sale
$275,000 USD
Storefront Retail/Office - FOR SALE
1/28
null | Request Cap Rate

635 S Lincoln Ave
O'Fallon, IL 62269


OVERVIEW

Commercial Property with Potential for Increased Value with Upstairs Apartment Marketing description Prime corner lot on South Lincoln, offering high-traffic exposure in O'Fallon, IL. This property features two buildings with multiple income-generating opportunities, ideal for owner-occupiers looking to offset costs with rental income. The main building (633-635) includes two ground-floor commercial spaces: a long-standing alterations/seamstress business ($700/month) and a larger office/retail space that currently is leased to a mental health professional ($1,000/month + $200 for utilities graduating $100/month each of the next two years). The second-floor space, accessible via a separate entrance at 102 W. 7th, was formerly a residential apartment and offers additional value-add potential if renovated and brought up to code. Across the paved parking lot, the second building (625) houses a hair salon generating $585/month. The interior photos included are of the main floor, larger space that will be vacant and ready for a new occupant! Don't miss out on this versatile property with great income potential. Contact us today for more details or to schedule a showing! Call us today to schedule a showing! Investment highlights Detailed Square Footage: 633/635 First Floor (Formerly leased as Counseling Offices and Alterations Business): 1,600 SF. The alterations business (633) is still active, but the counseling office (635) will be ready for an owner to occupy in May! 635 Second Floor (2 Bedroom Apartment, currently vacant): 824 SF 625 (Currently Leased as Hair Braiding Business): 612 SF Monthly Rents: (All Gross Leases with LL paying utilities minus electric bill at 625) 625: $585 633: $700 635: Perfect for owner occupied Contact us today for a showing! Jeff Franke Email: jeff@choosekwg.com Phone: 618-792-9693 Kevin Beck Email: kevin@choosekwg.com Phone: 618-550-8762

FOR SALE DETAILS

PRICE

$275,000 USD

PRICE/SF

$91 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1897

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

Commercial

APN/PARCEL ID

04-30.0-431-021

ASK ABOUT THIS PROPERTY

David KunkelKunkel Commercial GroupMore Info
618-977-1846

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David KunkelKunkel Commercial GroupMore Info
618-977-1846

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.